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Re:Discovery of nitrogen-fixing corn variety could reduce ne... by dekhn on Thursday August 09, 2018 @11:06AM (#17724787)
The good oil is not already long gone.

There are massive areas off US coasts with proven reserves that are legally untouched (CA moratorium after Santa Barbara spill only allows for marginal/incremental pumping). In the time between those reserves being shut off and now, the economics of retrieving that oil changed completely, and there is now a ton of "easy oil" off the california coast.

Nobody's arguing that oil is not an infinite resource, but I can point to a single location that contains immense amounts of easily tappable oil.

While the original motivation for the CA moratorium was ecological, these days it's (implicitly) economic. All CA has to do is wait until the price spikes start happening, and dribble out oil at very high prices while hoping there isn't another Deepwater Horizon.

Re:Discovery of nitrogen-fixing corn variety could reduce ne... by beat on Thursday August 09, 2018 @11:23AM (#17724949)
fwiw, I did a little investigation. Total California offshore resources are estimated 4-6B bbls, mostly heavy oil. Contrast this with the 71B bbls estimated remaining in Saudi Arabia's Ghawar field (after almost 70 years of production!). There are dozens of fields in production throughout the world that are larger, many an order of magnitude larger, with better quality oil and far less risk.
Re:Discovery of nitrogen-fixing corn variety could reduce ne... by dekhn on Thursday August 09, 2018 @11:27AM (#17724992)
(I can't tell if you're an expert in gas/oil, or not. I work with a lot of people from the gas/oil industry, so I'm not an expert per se, but I do read a lot about the industry).

The proven reserves for California are based on historic estimates, they haven't been thoroughly re-evaluated, and were based on previous extraction technologies (before side-drilling etc). The current position of my friends who do oil/gas analysis is that California proven reserve estimates are at least 1 order of magnitude below reality mainly because people aren't actively looking because of the moratorium.

Re:Discovery of nitrogen-fixing corn variety could reduce ne... by beat on Thursday August 09, 2018 @11:49AM (#17725226)
That doesn't change the heavy vs light oil problem, though (probably). Heavy oil is harder to pump, harder to handle, and more costly to refine.

The point of all this is that California's offshore fields aren't all that special, and they aren't "easy oil". If they were, any environmentalist resistance would have been defeated long ago.

Re:Discovery of nitrogen-fixing corn variety could reduce ne... by lostlogin on Thursday August 09, 2018 @11:34AM (#17725068)
> with better quality oil and far less risk.

I know you said this in reference to Californian oil, but it also applies to Saudi oil. The number of dollars paid isn’t the only cost of using that oil.

Re:Discovery of nitrogen-fixing corn variety could reduce ne... by beat on Thursday August 09, 2018 @11:47AM (#17725210)
Well, that's true of fossil fuel in general. There's a significant political and environmental cost, and those costs are both increasing. Oil fields belong to whomever owns the guns surrounding them, and the money goes to the kinds of social projects preferred by the kind of people who put guns around oil wells.
Re:Discovery of nitrogen-fixing corn variety could reduce ne... by dmckeon on Thursday August 09, 2018 @12:23PM (#17725592)
> while hoping there isn't another Deepwater Horizon.

At least install an effective blow-out protector.

Re:Discovery of nitrogen-fixing corn variety could reduce ne... by beat on Thursday August 09, 2018 @11:08AM (#17724805)
Offshore drilling in an earthquake zone is not "easy oil". It's a disaster waiting to happen. I do agree that, if we are desperate, we will use it anyway. But I don't think that's good or healthy or responsible.
Re:Discovery of nitrogen-fixing corn variety could reduce ne... by dekhn on Thursday August 09, 2018 @11:11AM (#17724828)
offshore drilling in an earthquake zone is an engineering job. it's done all the time, costs a bit more, but doesn't dramatically increase risk.